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22 October, 11:32

Which best describes how a recession develops as demand and production decreases?

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  1. 22 October, 13:37
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    As the demand decreases, production also decreases. Due to this, products, goods, and services will have higher prices. Less people are required in the work force, resulting to lay-offs and rise of the unemployment rate. Consequently, the rate of investment also drops. All of this downgrading best describes how a recession develops.
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